World faces 'dangerous decade' as instability, military spending rise: Report | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
May 25, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, MAY 25, 2025
World faces 'dangerous decade' as instability, military spending rise: Report

World+Biz

AFP
14 February, 2024, 12:25 am
Last modified: 14 February, 2024, 12:41 am

Related News

  • 54 people killed in overnight airstrikes on southern Gaza city, hospital says
  • India and Pakistan step up military strikes amid calls to de-escalate
  • Why India and Pakistan won’t go to war over water
  • Why can’t India and Pakistan make peace?
  • The India-Pakistan clash and its far-reaching ripples

World faces 'dangerous decade' as instability, military spending rise: Report

AFP
14 February, 2024, 12:25 am
Last modified: 14 February, 2024, 12:41 am
Israeli soldiers ride in a military vehicle near the border with the Gaza Strip on 12 February 2024, amid ongoing fighting between Israel and the Palestinian Hamas militant group. Photo: Menahem KAHANA / AFP
Israeli soldiers ride in a military vehicle near the border with the Gaza Strip on 12 February 2024, amid ongoing fighting between Israel and the Palestinian Hamas militant group. Photo: Menahem KAHANA / AFP

The Israel-Hamas war, conflict in Ukraine and rising tensions in the Indo-Pacific and Africa herald "what is likely to be a more dangerous decade," a British military think-tank warned Tuesday.

The International Institute for Strategic Studies (IISS) said in its annual "Military Balance" report that the world has entered "a highly volatile security environment".

"The current military-security situation heralds what is likely to be a more dangerous decade, characterised by the brazen application by some of military power to pursue claims," the report said.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The "era of insecurity" is resetting the global defence-industrial landscape, with the United State and Europe ramping up production of missiles and ammunition "after decades of underinvestment," the report added.

As the two-year anniversary of Russia's invasion of Ukraine looms, the London-based IISS reported that Moscow had lost around 3,000 battle tanks in the conflict, roughly the same number it had at the beginning of its operation.

Russia has traded "quality for quantity" in replacing the lost tanks and will only be able to sustain such losses for another two to three years, Bastian Giegerich, IISS director general, said at the report's release.

Ukraine, so far, has been able to offset equipment losses through Western donations, upgrading quality in the process, added the think-tank in its yearly assessment of the militaries and defence economics of over 170 countries.

But "western governments find themselves once again in a position where they must decide whether to furnish Kyiv with enough weapons to deliver a decisive blow or merely enough not to lose," added Giegerich.

It is therefore "incredibly vital" that the US passes a package releasing $60 billion of funding for Ukraine's war effort, Fenella McGerty, IISS defence economics specialist, told AFP.

The US Senate approved an aid bill on Tuesday but the legislation but if faces opposition from the Republican majority in the House of Representatives upper chamber.

Failure to pass the bill "would require a complete rethink about the goals and tactics used, because that funding would be very difficult for Europe to make up," McGerty warned.

Driven in part by NATO's response to Russia's invasion, global military spending grew by 9 percent in 2022 to reach a record $2.2 trillion, noted the report.

"The security outlook has definitely deteriorated and we're seeing countries respond to that," said McGerty.

Republican presidential hopeful Donald Trump said on Saturday he had told one NATO member's leader that he would "encourage" Russia to "do whatever the hell they want" to that country if it had not met its NATO financial obligations.

"You got to pay. You got to pay your bills," Trump recounted at a campaign rally.

Only 10 members of the security alliance met the group's target of spending two percent of GDP on defence, although 19 of them increased spending last year, according to IISS figures.

"Russia's actions have reinvigorated NATO, with Finland completing its rapid alliance accession process in April 2023," the report noted.

"Russia's border with NATO members is now more than 1,300 kilometres longer."

Elsewhere, unrest related to the Gaza conflict risked speading having already affected Yemen, the Red Sea, Lebanon, Iraq and Syria, warned Ben Barry, a land warfare expert at IISS and a retired British army brigadier.

"All those conflicts carry with them the risk of escalation," he told AFP.

"The longer the war goes on, the more the chance there is of an accident... leading to retaliation," he added.

The report said Iran's supply of missiles to Huthi rebels in Yemen and drones to Russia highlighted Tehran's growing role in conflict zones.

China had also demonstrated "increased power-projection capacity", it added.

Western governments were now treating China as the world's greatest "pacing threat", said Douglas Barrie, IISS military aerospace specialist, with western demand driven by attempts to keep up with Chinese modernisation.

Top News

Military spending / conflicts / war

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Showkat Aziz Russell, president of the Bangladesh Textiles Mills Association (BTMA). Photo: Collected
    Gas crisis in industries: Businessmen 'being killed like intellectuals were killed in 1971', says BTMA President Showkat
  • Protesting NBR officials speak at a press conference on 25 May. Photo: TBS
    NBR protesters call off indefinite strike after assurance of ordinance amendment from finance ministry
  • Political leaders hold a meeting with Chief Adviser Muhammad Yunus at the state guest house Jamuna on 25 May 2025. Photo: CA Press Wing
    CA says election to be held if environment suitable for fair polls: AB Party

MOST VIEWED

  • Infographic: TBS
    New transport strategy for Dhaka seeks to promote walking, cycling
  • Representational image: Collected
    Minimum tax may rise to Tk5,000 for individuals, Tk1,000 for new filers
  • File photo of Sajib Barai. Photo: TBS
    Barishal medical student ends life after citing 'excessive academic pressure'
  • FIre service officials taking the bodies after a truck hitting a motorcycle in Banani left two people killed on the spot on 25 May 2025. Photo: TBS
    2 killed after truck hits motorcycle in Banani
  • Ports crippled as NBR officials escalate protests, threaten full trade halt
    Ports crippled as NBR officials escalate protests, threaten full trade halt
  • BNP senior leaders and CA at Jamuna on 24 May evening. Photo: CA Press Wing
    Talks with CA: BNP calls for swift completion of reforms for elections in Dec, removal of 'controversial' advisers

Related News

  • 54 people killed in overnight airstrikes on southern Gaza city, hospital says
  • India and Pakistan step up military strikes amid calls to de-escalate
  • Why India and Pakistan won’t go to war over water
  • Why can’t India and Pakistan make peace?
  • The India-Pakistan clash and its far-reaching ripples

Features

Photo: Collected

Desk goals: Affordable ways to elevate your study setup

5h | Brands
Built on a diamond-type frame, the Hornet 2.0 is agile but grounded. PHOTO: Asif Chowdhury

Honda Hornet 2.0: Same spirit, upgraded sting

5h | Wheels
The well has a circular opening, approximately ten feet wide. It is inside the house once known as Shakti Oushadhaloy. Photo: Saleh Shafique

The last well in Narinda: A water source older and purer than Wasa

2d | Panorama
The way you drape your shari often depends on your blouse; with different blouses, the style can be adapted accordingly.

Different ways to drape your shari

2d | Mode

More Videos from TBS

News of The Day, 25 MAY 2025

News of The Day, 25 MAY 2025

54m | TBS News of the day
Can Trump ban international student admissions to Harvard?

Can Trump ban international student admissions to Harvard?

1h | Others
'Cinema is like clapping with both hands'

'Cinema is like clapping with both hands'

2h | TBS Entertainment
Ports crippled as NBR officials escalate protests, threaten full trade halt

Ports crippled as NBR officials escalate protests, threaten full trade halt

2h | TBS Insight
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net